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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2018 | Dec. 31, 2017
Distressed residential mortgage loans, net (including $105,851 and $121,791 held in securitization trusts as of June 30, 2018 and December 31, 2017, respectively) | $ 105,851 | $ 121,791
Assets of consolidated VIEs | 9,663,179 | 10,041,468
Liabilities of consolidated VIEs | $ 9,027,733 | $ 9,436,421
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, shares authorized (in shares) | 200,000,000 | 200,000,000
Preferred stock, shares issued (in shares) | 12,000,000 | 12,000,000
Preferred stock, shares outstanding (in shares) |  | 12,000,000
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Common stock, shares authorized (in shares) | 400,000,000 | 400,000,000
Common stock, shares issued (in shares) | 124,312,846 | 111,909,909
Common stock, shares outstanding (in shares) | 124,312,846 | 111,909,909
Series B Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, cumulative redeemable dividend rate | 7.75% | 7.75%
Preferred stock, liquidation preference per share (in dollars per share) | $ 25.00 | $ 25
Preferred stock, shares authorized (in shares) | 6,000,000 | 6,000,000
Preferred stock, shares issued (in shares) | 3,000,000 | 3,000,000
Preferred stock, shares outstanding (in shares) | 3,000,000 | 3,000,000
Series C Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, cumulative redeemable dividend rate | 7.875% | 7.875%
Preferred stock, liquidation preference per share (in dollars per share) | $ 25.00 | $ 25
Preferred stock, shares authorized (in shares) | 4,140,000 | 4,140,000
Preferred stock, shares issued (in shares) | 3,600,000 | 3,600,000
Preferred stock, shares outstanding (in shares) | 3,600,000 | 3,600,000
Series D Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01
Preferred stock, cumulative redeemable dividend rate | 8.00% | 8.00%
Preferred stock, liquidation preference per share (in dollars per share) | $ 25 | $ 25
Preferred stock, shares authorized (in shares) | 5,750,000 | 5,750,000
Preferred stock, shares issued (in shares) | 5,400,000 | 5,400,000
Preferred stock, shares outstanding (in shares) | 5,400,000 | 5,400,000
Collateral Pledged |  |
Pledged securities | $ 976,113 | $ 1,076,187
Available-for-sale securities |  |
Investment securities, available for sale, at fair value (including pledged securities of $976,113 and $1,076,187, as of June 30, 2018 and December 31, 2017, respectively, and $50,134 and $47,922 held in securitization trusts as of June 30, 2018 and December 31, 2017, respectively) | $ 50,134 | $ 47,922

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